- South Africa Budget Disappoints Investors as Deficit Widens
- Kenya drops to 6th place in Africa trade barometer
- Tanzania’s bold move to boost cashew nut exports by 2027
- Chinese cities dominate global list of places occupied by billionaires
- Sudan tops up as Africa aims for $25 billion development fund
- Opportunities for youth: Tech firms Gebeya and NVIDIA to train 50,000 developers in Africa
- Shelter Afrique taps green bonds to raise funds for affordable housing in West Africa
- New digital wallet suite for Africa as Network joins forces with Ant
Browsing: USA
- The 2024 Henley Passport Index has revealed that African passports still pull teeth in global mobility powerplay, failing to reach the top ten or at least the top fifteen of the annual index.
- In contrast, oil-rich UAE has added 106 destinations to its visa-free score over the past decade.
- Overall, the average number of destinations travelers can access visa-free has nearly doubled from 58 in 2006 to 111 in 2024.
The 2024 Henley Passport Index has been released, and the passport power ranking has exposed several interesting issues, including the ascent of unprecedented nations to the top.
Despite massive investments in the aviation and inter-regional ground transport infrastructure sector by African governments such as Tanzania, Kenya, Rwanda, and Ethiopia, African countries still struggle to make it into the top ten or at least the top fifteen of the annual index.
On the other side of the aisle, the United Arab …
- Kenya exported coffee worth 26.1 billion shillings (about 229 million U.S. dollars) in 2021
- Kenya’s coffee farmers have over the years complained about the poor prices and mismanagement
Kenya’s coffee farmers have over the years complained about the poor prices and mismanagement that bedevil the commodity.
While coffee was for a long time known as the main forex earner for the country, other sectors like tourism and ICT have overtaken its earnings. So rich was coffee earnings in a newly independent Kenya in the 1960s that it was nicknamed ‘black gold’.
Last year, Kenya exported coffee worth 26.1 billion shillings (about 229 million U.S. dollars) in 2021, up from 195 million dollars in 2020. This was almost a hundred per cent improvement of the US$102 million (KShs10.2bn) at the end of the 2018/2019 crop year which was a 20 per cent drop from the previous year.
Read: Uganda leaves international …
With an area of 390,757 km2, Zimbabwe is a good depiction of dynamite coming in small packages. Its mineral wealth is something any country would envy.
The Southern African country has the largest known deposits of platinum and significant deposits of many other minerals, including gold, nickel, chrome, and diamonds.
Zimbabwe is also renowned for its vast arable lands, which during the peak of its agricultural dominance, earned it the title’ breadbasket of Southern Africa’. Coupled with a highly skilled and hardworking labour force, Zimbabwe would be a prime trade partner to any country.…
In the past 5 years, Southern Africa had seen a great influx of Chinese capital in any areas of investment. Many Chinese companies invested large amounts of capital in various sectors including infrastructure, but the one that seems to be getting the most attention lately is the Oil and Gas sector.
Governments would sign multi year contracts granting exploration rights and concessions to oil and natural gas reserves to Chinese companies and negotiate royalties and equity in exchange.
The system worked as a co-ownership that was observed in various countries for the great part of the last decade. Since late 2018, or early 2019, China and the United States have engaged in an economic battle that has seen threats and embargoes being set by both sides. The tensions have not eased with the current pandemic as some world leaders chose to blame China’s lack of transparency to the current pandemic …
Kenya is pursuing a new trade deal with the United States, a deal that was announced earlier in February during President Uhuru Kenyatta’s visit to Washington DC. To set the stage for the new deal, US department of agriculture USDA has announced that Kenya will start receiving wheat from Idaho, Oregon and Washington states after the states addressed plan health concerns.
Kenya has lifted the trade barrier to allow U.S. wheat growers in the Pacific Northwest (PNW) access to Kenya’s wheat market for the first time in over a decade after the U.S.- Kenya Trade and Investment Working Group adopted a phytosanitary protocol.
Effective immediately, U.S. wheat may now be shipped to Kenya, regardless of the state of origin or port of export, Agriculture Secretary Sonny Perdue announced. For the last 12 years, USDA’s Animal & Plant Health Inspection Service (APHIS) has worked closely with Kenyan officials to address plant …
The visit by US Secretary of State Mike Pompeo to three African countries of Senegal, Angola, and Ethiopia is significant for the Trump administration not only as of the first trip the senior official has made to the continent, but a first for a senior official since the launch of the new strategy for Africa. The last time a senior official to visit sub-Sahara Africa was Pompeo’s predecessor, Rex Tillerson who lost his job while on a trip to Kenya.
Trump’s Africa Strategy was aimed at promoting prosperity, security, and stability in relations, and the business-friendly Prosper Africa which aims to substantially increase two-way trade and investment between the United States and Africa.
The leading issue will mainly be on security and counter-terrorism efforts mainly in the Sahel as well as the horn of Africa. Though Somalia has remained a point of discussion in terms of security, there is a …
The indicator in question in this column is figure 17.6.
17.6 of what?
According to published government statistics, the median weighted average age of an East African citizen is 17.6 years old. Among the 157 million East Africans alive today there are equal numbers of people over 17.6 years old as there are people under 17.6 years old.
So how do 17.6 years as a median age compare to other locales around the world?
If the EAC were a country it would be the 13th youngest country in the world with Uganda, Burundi, and Tanzania bringing down the weighted average against the relatively older Kenya. To add perspective, the median age of both the #1 and #2 economies of the USA and China are more than twice as old at 37.8 years and 36.8 years respectively than an East African. Even more dramatic, ageing Japan has 46.5 years as median …